The value of electrical energy will fall this Friday by virtually 60%, to 21.12 euros/MWh, the bottom since May 2021

The common value of electrical energy for regulated price clients linked to the wholesale market will fall this Friday by 59.7% in comparison with Thursday, to 21.12 euros per megawatt hour (MWh).

In this manner, it deepens the autumn that started for the reason that starting of the week and represents its lowest file since May 9, 2021, earlier than the beginning of the power disaster, when it marked 10.53 euros/MWh. A 12 months in the past, on December 23, 2021, the typical value of electrical energy was 383.67 euros/MWh.

In the public sale, the typical value of sunshine within the wholesale market -the so-called ‘pool’- stands for this Friday at 22.34 euros/MWh. The most value might be registered between 8:00 p.m. and 9:00 p.m., with 67.90 euros/MWh, whereas the minimal, of 4.12 euros/MWh, might be given between 02:00 a.m. and 06:00 a.m., in accordance with provisional information from the Operator of the Iberian Energy Market (OMIE) collected by Europa Press.

Compensation for fuel firms is added to this pool value, which have to be paid by shoppers who’re beneficiaries of the measure, shoppers of the regulated tariff (PVPC) or those that, regardless of being on the free market, They have an listed price, which for this Friday is at adverse ranges, -1.22 euros/MWh.

Despite the truth that the worth for this Friday would be the lowest of the whole 12 months, the typical for regulated price clients linked to the wholesale market between December 1 and 22 nonetheless stands at 174.21 euros/MWh on common , in comparison with 116 euros/MWh in the identical interval of the earlier month.

79.3% lower than with out making use of the measure

In the absence of the ‘Iberian exception’ mechanism to cap the worth of fuel for electrical energy technology, the worth of electrical energy in Spain can be round 102.07 euros/MWh on common, which is round 80.95 euros/MWh greater than with the compensation for regulated price clients, who will thus pay 79.3% much less on common.

The ‘Iberian mechanism’, which got here into power on June 15, limits the worth of fuel for electrical energy technology to a mean of 48.8 euros per MWh for a interval of twelve months, thus masking subsequent winter, a interval wherein power costs are dearer.

Specifically, the ‘Iberian exception’ units a path for pure fuel for electrical energy technology from a value of 40 euros/MWh within the preliminary six months, and subsequently, a month-to-month improve of 5 euros/MWh till the top of the measure .